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BUSINESS

BUSINESS latest

Indian Rupee hits record low as oil shock tests RBI’s firepower
April 30th, 2026 - 08:49 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Indian Rupee hits record low as oil shock tests RBI’s firepower

ALBAWABA- India’s currency is under renewed strain, with the rupee sliding to a record low against the U.S. dollar in late April, intensifying pressure on the Reserve Bank of India to steady markets while shielding the broader economy. The rupee weakened to around 96 per dollar on Thursday, marking a sharp decline from levels near 91–92 earlier this year and extending a multi-year slide that has eroded more than 12% ...
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Dubai is continuously advancing its transportation infrastructure. (File photo)
April 2nd, 2017 - 02:32 GMT

Why investing in Dubai property is a good idea

A swimming pool in a plane? Emirates may have fooled everyone on April 1. (Twitter)
April 2nd, 2017 - 02:19 GMT

Emirates set to bring world's largest plane with pool, gym and park!

Employees’ financial burden in not their problem alone. (Pexels)
April 2nd, 2017 - 02:03 GMT

What matters most to your employees and what can you do about it?

The aggregate primary issuance of bonds and sukuk by GCC entities totaled $167.54 billion in 2016, a 41.2 percent increase from the total amount raised in 2015. (File photo)
April 2nd, 2017 - 01:28 GMT

GCC issues 40 percent more bonds, sukuk in 2016: Report

If the new consumption tax is applied then a VAT of between 50 fils and Dh2.75 could be added to the overall amount of remittances from the UAE. (Facebook)
April 2nd, 2017 - 01:15 GMT

Will UAE apply VAT on expat remittances too?

The company has delivered a 25 percent reduction in global headcount with over 1,000 positions reduced across its global operations. (Taqa)
April 2nd, 2017 - 12:51 GMT

Abu Dhabi's 'Taqa' announces full-year financial results, $5.2B net loss in 2016

During the signing ceremony
April 2nd, 2017 - 11:50 GMT

Imdaad signs AED 4-million integrated facilities management contract with Dubai Maritime City

Raed Dawood, Director of Government Relations and Corporate Affairs
April 2nd, 2017 - 11:41 GMT

Ooredoo helps parents keep kids safe online

The law allows granting the ID to any GCC residents who have stayed more than six months in the year since their entry date to Bahrain. (Shutterstock)
April 2nd, 2017 - 11:40 GMT

Bahrain to grant IDs to GCC residents in investment push

Middle East Car of the Year award
April 2nd, 2017 - 11:35 GMT

Ford celebrates triple win at 2017 Middle East Car of the Year awards

During the visit
April 2nd, 2017 - 11:20 GMT

Etihad Airways and Boeing check on biofuel progress at Masdar

Moody’s anticipate a mild real GDP shrinkage of 0.2 percent in 2017 due to lower oil production. (Pixabay)
April 2nd, 2017 - 11:17 GMT

Saudi Arabia’s fiscal position remains strong: Moody's

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